ACCESS Newswire
25 Jun 2020, 19:07 GMT+10
Indium gallium arsenide manufacturers are projected invest in research and development efforts aimed towards tech improvements, in a bid to widen the scope of applications once the pandemic is brought under control.
ROCKVILLE, MD / ACCESSWIRE / June 25, 2020 / Travel restrictions imposed during the coronavirus outbreak has changed how the ICT industry operates on a significant scale. The pandemic has resulted in suspension of major business decisions in the sector. In addition, a number of projects have either been delayed or cancelled. Consequently, the demand for indium gallium arsenide is likely to dip in the near term.
On the other hand, the demand for InGaAs is likely to be disrupted only till the end of 2020. The global indium gallium arsenide market has been projected to grow at an impressive 8.5% CAGR throughout the assessment period between 2020 and 2030. According to Fact.MR, Internet of Things and 5G applications will aid rapid resurgence in the market post the end of the pandemic.
'The rising popularity of automated systems in the manufacturing sector will generate numerous opportunities in the indium gallium arsenide market in the short term. In addition, the rising applications of InGaAs in remote surveillance operations will also aid indium gallium arsenide market players once the coronavirus outbreak is brought under control,' says the FACT.MR study.
Request a report sample to gain more market insights at-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4271
Indium Gallium Arsenide Market- Key Takeaways
Indium Gallium Arsenide Market- Driving Factors
Indium Gallium Arsenide Market- Major Restraints
COVID-19 Impact on Indium Gallium Arsenide Market
The covid-19 outbreak has resulted in declining demand for indium gallium arsenide. Regional and nationwide lockdowns have impacted the production operations of the InGaAs industry. Disruptions in the production of consumer electronics, and breaks in supplies of raw materials will have a moderate impact on the market.
However, the InGaAs market will witness a strong resurgence once pandemic restrictions are lifted. Extensive use in communications, manufacturing, and defense will help demand reach pre-pandemic levels at a rapid pace.
Explore the global indium gallium arsenide market with 80 figures, 68 data tables, along with the table of contents of the report. You can also find detailed segmentation on
https://www.factmr.com/report/4271/indium-gallium-arsenide-ingaas-market
Competitive Landscape
Major players in the indium gallium arsenide market are pushing for the acquisition of smaller regional and local players in a bid to build geographic presence, in addition to research and development for product innovation. For instance, Teledyne DALSA has developed a new InGaAs-based shortwave camera for machine vision applications. Similarly, Kyoto Semiconductor has developed a photodiode with wide ranging sensitivity for multiple wavelengths.
HORIBA Ltd., Broadcom Inc., Hamamatsu Photonics K.K., California Eastern Laboratories, First Sensor AG, and Excelitas Technologies Corp. are some of the leading indium gallium arsenide producers in the global market.
About the Report
This study offers readers a comprehensive market forecast of the indium gallium arsenide market. Global, regional and country-level analysis of the top industry trends impacting the indium gallium arsenide market is covered in this FACT.MR study. The report offers insights on the indium gallium arsenide market on the basis of type (avalanche, PIN, PN, and Schottky), packaging (ceramic, metal, plastic, and combination), and application (aerospace & defense, analytical & scientific, automotive, communication systems, consumer electronics, and others) across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the ICT sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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PR- https://www.factmr.com/media-release/1493/indium-gallium-arsenide-ingaas-market-trends
SOURCE: Fact.MR
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